In June

Macau sees lowest monthly gaming revenue in its history

Macau has struggled because the Chinese government has ordered borders closed to Macau from nearby Guangdong province and Hong Kong to limit the spread of COVID-19.
2020-07-03
Reading time 51 seg
Last month’s USD 89.7 million in casino revenue represented a new low for the market and the variance of 97 percent from June 2019 was the largest ever in Macau. The depressed numbers not only affect the Chinese enclave but also three Las Vegas companies with casinos there: Las Vegas Sands, Wynn Resorts, and MGM Resorts International.

According to data released by Macau's Gaming Inspection and Coordination Bureau, the world’s largest gambling market has endured its lowest monthly gaming revenue and worst percentage decline from the previous year in its history in June.

For the first half of 2020, Macau gaming revenue hit $18.726 billion, 77.4 percent less than the first six months of 2019.

As the effects of the coronavirus continue to affect the Chinese territory, June’s $89.7 million (U.S.) in casino revenue represented a new low for the market and the variance of 97 percent from June 2019 was the largest ever.

Macau has struggled because the Chinese government has ordered borders closed to Macau from nearby Guangdong province and Hong Kong to limit the spread of COVID-19, the Las Vegas Review-Journal reports.

The depressed numbers largely affect three Las Vegas companies with casinos in Macau: market leader Las Vegas Sands, Wynn Resorts, and MGM Resorts International, which holds a majority position in a partnership there.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR